Entrepreneurship

The bipartisan Jumpstart Our Business Startups (JOBS) Act, signed into law by President Obama today, will help address one of small business owners’ biggest problems: a lack of access to capital. Lawmakers from both sides of the aisle came together to work for the good of small businesses with this act, which is what our nation’s job creators need right now. However, we strongly encourage legislators not to stop here. This bill will give startups a boost, but existing brick-and-mortar Main Street small businesses also need help.

Sen. Kay Hagan (D-NC) today announced a proposal that would lighten small business owners’ administrative load by creating a common application for various federal grants, contracts and programs. Filing government paperwork often takes more time than small business owners have to spare. The Small Business Common Application Act of 2012 aims to streamline such processes so our leading job creators can focus on growing and maintaining their businesses.

The bipartisan transportation bill passed in the Senate today would create an environment conducive to small business growth if enacted. We applaud senators for working together toward the good of our nation’s entrepreneurs.

Today, in the biggest government-industry settlement since 1998, major mortgage lenders and the federal government struck a $25 billion deal that will bring relief to struggling homeowners across the nation, boosting demand for small businesses and stimulating the economy.